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20110701
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to jon carl who first breck this story, the story of a framework last night. jon, dan used the word at the top of the broadcast, the emphasis here is on "fragile." >> that's right. the details are still being worked out. you know how important the details are, and nobody has signed on the dotted line yet. but i am told congressional leaders will brief their membership on the framework of this tentative deal later this morning. >> majority leader. >> late last night, senate majority leader, harry reid called off a vote on the debt ceiling plan, citing progress towards a deal. >> i'm glad to see this move toward cooperation and compromise. i hope it bears fruit. >> reporter: congressional sources tell abc news that two sides have tentatively agreed to a framework that includes a debt ceiling increase of up to $2.4 trillion, enough to last through the presidential election. agreement on more than $1 trillionon ispending cuts in the next ten years and a new special congressional committee to recommend additional deficit reduction of more than a trillion dollars. if congress doesn't act
. jim sciutto, thank you. let's bring in senior political correspondent jon karl who's been all over this story since the beginning. we've got the boehner and reid plan. neither of these things can pass so what, if anything, is being done to craft some sort of compromise? >> reporter: well, there are, as you heard jim mention quiet negotiations going on between harry reid and mitch mcconnell. mitch mcconnell has been on the phone several times with vice president biden over the last several days trying to find one last-ditch effort to get what everybody knows needs to happen, dada that is something that has bipartisan support. i got to tell you, though, the atmosphere is so poisoned here, the question is once they get that agreement, can they pass it. >> well, let me pick up on it. there's been so much tough talk, even trash talk. i wonder if there is another wiggle room rhetorically for the hard-liners on either side to back down. >> reporter: i think -- maybe not the hard-liners but i think there is wiggle room. if you look at those two bills you have there, there is incredible com
down its debt. abc's jon karl explains. >> reporter: we took a journey to the u.s. mint in philadelphia for a lesson in how the government is losing money by making money. this is the presidential dollar coin. congress ordered the mint to make millions of them to honor every dead president but nobody seems to want them. they cost 32 cents a pop to make. the mint makes nearly 2 million of them every day. do the math. about 600,000 dollars a day to make them. because almost nobody uses these things, most go directly into storage. we found a bunch of them 100 miles down the road in a vault. here at the federal reserve in baltimore, the coins are packed into plastic bags stacked one on top of each other all the way up and down this aisle several aisles of them, millions and millions of dollars in presidential coins. federal reserve says they are piling up so quickly they are spending $650,000 to build a new vault in dallas to hold them. shipping the coins there will cost another $3 million. senator jack reed was one of the co-sponsors of the bill that directed the mint to make the coins. us
and republicans seem no closer to a deal. abc's jon karl is covering it from capitol hill. we are seeing fire from the house speaker. >> reporter: we sure are. this vote today on his debt ceiling plan is the highest-stakes vote of his term as speaker of the house, and he is doing everything he can to get those tea partyers in line. john boehner is now demanding republicans stand with their party. in a closed door meeting he had a stern message for tea partyers who just don't like his debt ceiling plan. boehner told them get your ass in line. sources at the meeting tell abc news, a day after another republican leader attempted to rally the troops with a clip from the movie "the town." >> i need your help. i can't tell you what it is. you can never ask me about it later and we're going to hurt some people. >> which car are we going to ta take? >> reporter: allen west liked what he heard. >> i told him i would drive the car. >> they could have used "rudy," "hoosiers," "band of brothers" but this is the movie they decided on. >> reporter: maybe they can use a clip from "meatballs." >> it just doesn't
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